Groton Multi-Family Homes

Groton, located in the Greater Boston metropolitan area in Middlesex County, has over 30-percent of its land area designated as protected open space. This area includes trails for walking, biking, hunting, and camping.

Neighborhoods

The Town Center neighborhood, with a median real estate price of $477,227, is among the 36.2-percent highest-priced neighborhoods in the state and 15.6-percent highest-priced neighborhoods in the country. The average rental price, at $1,565, is higher than 36.2-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes and small apartment buildings. Most housing units are owner-occupied and were built between 1940 and 1999. There is a low vacancy rate of 5.9-percent. The average commute time is 30 to 45 minutes.

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The West Side and Vose neighborhood, with a median real estate price of $438,654, is among the 43.3-percent highest-priced neighborhoods in the state and 18.1-percent highest-priced neighborhoods in the country. The average rental price, at $2,070, is higher priced than 70.1-percent of neighborhoods statewide. The majority of the housing units are three or more bedroom, single-family homes, apartment complexes, and high-rise apartments. Most housing units are owner-occupied and were built between 1970 and 1999 or before 1939. There is a low vacancy rate of 4.7-percent. The average commute time is between 45 and 60 minutes.

This is a small town with 11,297 residents, 91.03-percent of whom work in white-collar jobs with the fields of computers and mathematics employing more residents than 95-percent of the cities across the country. This city also has a higher rate than 90.0-percent of the cities in the country of residents working as artists, designers, and in visual media. With 64.02-percent of the adults having a bachelor's degree or better, the per capita income, according to the 2010 census, was $60,656, and $117,500 was the median household income. While 7.89-percent of the residents telecommute, the average commute for the rest of the residents is 34.45 minutes.

Of the 4,042 housing units, 85.2-percent are owner-occupied with a median home value of $477,227 and a vacancy rate of 5.5-percent. Since 2000, real estate values have appreciated 33.53-percent for an annual average of 1.62-percent. While 83.5-percent of the housing units are single-family homes, the housing units also include 2.7-percent townhomes, 8.6-percent small apartment buildings, and 5.2-percent apartment complexes. At 45.0-percent, most of the housing units were built between 1970 and 1999 with 20.2-precent built before 1939, 18.2-percent built between 1940 and 1969, and 16.7-percent built since 2000. The average rent is $1,565.

If you are interested in purchasing multi-family housing in this city, our agents know the area and can advise you on what properties should give you the best return on your investment and the best occupancy rate. With our large database, our agents can provide you with a list of properties from which to choose in this city and nearby areas. Our agents can advise you of market trends, potential development, and zoning restrictions in the area. They can help you set your bid for the property you chose and guide you during negotiations with the seller. Hiring one of our agents protects your investment.

To sell your property in this city quickly at the best possible price, our agents can help you set a price with a negotiable range and create a marketing plan for you. Our large database will provide access to more potential buyers. When you receive offers, our agents will be able to investigate the ability of potential buyers to close quickly. So let one of our agents help you sell your property quickly at a good price.

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